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View Full Version : Mobile phones lift banking reach in Kenya to 67 pct of adults



Wireless News
10-31-2013, 10:43 AM
http://l3.yimg.com/bt/api/res/1.2/qa2Ee.4w2IeJ6bNV3HVfyw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2013-10-31T144818Z_1_AJOE99U154L00_RTROPTP_2_OZABS-KENYA-BANKING-20131031.JPG (http://news.yahoo.com/mobile-phones-lift-banking-reach-kenya-67-pct-144818219--sector.html)Mobile phone-based money transfer services helped raise the percentage of Kenyan adults with access to banking services to 66.7 percent this year from 41 percent in 2009, a financial access survey showed. The east African nation of 40 million people has led the world in mobile phone-based financial services ever since its largest telecoms operator Safaricom invented a money transfer service called M-Pesa. "For the vast majority (76 percent) of the rural population, the nearest financial service provider is a mobile money agent," said the report by Financial Sector Deepening Trust Kenya and the central bank.



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